[fre] La période décennale écoulée — 1983 à 1993 — manifeste une continuité forte des politiques macroéconomiques mises en œuvre en France : rigueur, puis désinflation compétitive, avec l'objectif d'améliorer la compétitivité et la crédibilité internationales de l'économie...

[eng] European Growth Disrupted by a Short Cycle . . How should we react when economic indicators convey conflicting signals, signs of an apparently troubled and hesitant economic situation, as in 1998? How should we interpret economic deviations between European countries? A cyclical analysis...

[fre] Le comportement d'investissement depuis 1974 parJackyFAYOLLE 1974 a stoppé la croissance des investissements de sorte que celle du capital s'en trouve ralentie. Seuls les services marchands et les biens d'équipement — plus précisément ceux susceptibles d'être exportés —...

[eng] Describing the Economic Cycle Jacky Fayolle This paper presents and comments the descriptive techniques currently used by the OECD in cyclical analysis. This set of techniques is interesting from at least two points of view. First, the methodology is based upon former research in the...

[eng] Strength makes union Département des diagnostics As the United States are witnessing a maturing expansion phase, Europe and Japan have not yet got out of the recession. With no inflationary pressures, the United States have some leeway to grow, allowed for by a still accomodating money...

[eng] From one globalisation wave to the other Jacky Fayolle The history of capitalism can be understood as the succession of different features of the globalisation process. The globalisation wave of the 19th century has disturbed the cohesion of the first industrialised societies. But it has...

[eng] At the turning point of years 1995-1996, the fall back of activity has diffused, via trade interrelations, to all European countries. Expected growth has been revised, in particular, for North and South European countries which had stimulated the continental recovery of 1994, as they...